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June 24, 2019

California wants more utility safety

SACRAMENTO, Calif. (AP) — Gov. Gavin Newsom is proposing to throw a financial lifeline to California's biggest electric companies dealing with the results of disastrous wildfires — but only if the companies agree to concessions such as tying executive pay to safety.

The plan announced Friday would also require companies to spend a combined $3 billion on safety measures over the next three years.


 
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